Are you financially prepared in case you are unable to work due to sickness or disability? If not, then you might want to consider getting an income protection insurance policy. This type of policy is designed to provide you with a lump sum amount to help you offset your financial commitments, such as loans and daily necessities, while you are unable to work.
Income protection policies come in several categories, including critical illness, life/death benefits, and disability. If you are diagnosed with any of the 45 critical illnesses covered by the policy, such as cancer or stroke, you will receive a lump sum payment of the sum assured.
Life insurance, on the other hand, provides a payout to your dependents in case you pass away, giving you peace of mind knowing that your family will be taken care of financially.
Disability insurance covers you in case you are unable to work due to a complete and continuous inability from injury or sickness. There is also a suited occupation benefit that covers you if you are unable to perform the work that you are trained for due to injury, sickness, or disease.
It is important to note that some risky occupations may not qualify for income protection insurance. However, it is still recommended that everyone should have at least a life insurance or hibah for takaful, as death is inevitable for all of us. With proper financial planning and protection, you can ensure that you and your family are secure in case of unexpected events.
If you are interested in learning more about income protection insurance or other types of insurance policies, don't hesitate to contact me, Alif Danial from The Insurance Guys. Let's work together to provide you with financial security and peace of mind.